Brokerages Set Uranium Energy Corp. (NYSEAMERICAN:UEC) Target Price at $17.41

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.4062.

A number of research firms have issued reports on UEC. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright reissued a “buy” rating on shares of Uranium Energy in a report on Wednesday.

Uranium Energy Stock Performance

Shares of UEC stock opened at $13.13 on Thursday. The stock’s fifty day moving average price is $10.70 and its two-hundred day moving average price is $12.88. The company has a market cap of $6.50 billion, a PE ratio of -109.42 and a beta of 1.22. Uranium Energy has a fifty-two week low of $8.90 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). On average, equities analysts predict that Uranium Energy will post -0.15 EPS for the current fiscal year.

Institutional Trading of Uranium Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. acquired a new position in shares of Uranium Energy during the second quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Uranium Energy during the 4th quarter valued at $39,000. EFG International AG bought a new stake in Uranium Energy during the 2nd quarter worth $43,000. Longview Financial Advisors Inc. bought a new stake in Uranium Energy during the 1st quarter worth $52,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Uranium Energy during the 4th quarter worth $53,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.